Tencent Q2 Revenue Tops Forecast; Adjusted Profit Rises 9% as AI Capex Sends Free Cash Flow Negative
Companies

Tencent Q2 Revenue Tops Forecast; Adjusted Profit Rises 9% as AI Capex Sends Free Cash Flow Negative

Revenue hit RMB 204.8 billion, up 11%, and adjusted profit reached RMB 68.4 billion, but heavy AI infrastructure spendin...

Declan Byrne 👁 61 💬 0
Tencent Says WeChat Will Become AI-First as It Front-Loads AI Capex
Technology

Tencent Says WeChat Will Become AI-First as It Front-Loads AI Capex

Tencent's earnings call positioned WeChat as an AI-first ecosystem, with Work Buddy as a model-agnostic coordinator and ...

Eitan Shapiro 👁 64 💬 0
Tencent Q2 Revenue Beats, Adjusted Profit Up 9%, Free Cash Flow Turns Negative on AI Capex
Companies

Tencent Q2 Revenue Beats, Adjusted Profit Up 9%, Free Cash Flow Turns Negative on AI Capex

Tencent's Q2 revenue rose 11% to 204.8 billion yuan, beating estimates, while adjusted net profit gained 9% to 68.4 bill...

Declan Byrne 👁 83 💬 0
Chinese Chipmaker CXMT Surges 466% on Debut, Briefly Overtakes Tencent as China's Most Valuable Listed Company
Companies

Chinese Chipmaker CXMT Surges 466% on Debut, Briefly Overtakes Tencent as China's Most Valuable Listed Company

ChangXin Memory Technologies (CXMT) saw its shares skyrocket on its first trading day, reaching a market cap near $490 b...

Declan Byrne 👁 41 💬 0